Source: University of MichiganRelated: How $100K Bitcoin impacts the wealth gap in the digital ageBitcoin adoption aided by ETFs and policy shiftBeyond growing monetary instability, US-based spot Bitcoin exchange-traded funds (ETFs) and a more crypto-friendly US administration under President Donald Trump may help boost Bitcoin’s adoption as a hedge against inflation.“US regulators approved the ETFs, finally, and the current US administration under Trump is removing a lot of negative regulation that was intended to slow down crypto adoption — like Operation Chokepoint 2.0,” Back said.
Back argued that Bitcoin adoption among private investors should precede institutional or governmental accumulation:“I prefer that those people buy Bitcoin ahead of governments because as soon as governments buy, it’s probably going to create a wave of other governments competing with them.”Source: Margo MartinOn March 7, President Trump signed an executive order to create a Bitcoin reserve seeded with Bitcoin seized from criminal cases, a move that industry leaders have called a major step toward integrating Bitcoin into the traditional financial system.
So eventually they will go up by that much, particularly hard assets like housing, anything physical long term,” Back said.“The inflation rate is probably 10% or 15% for the next decade, an investment return that is very hard to get with stocks or housing rentals.”“So there’s a real prospect of Bitcoin competing with gold and then starting to take some of the gold use cases, like as a geopolitical hedge, take some of that money into Bitcoin.”Adam Back during a fireside chat with Cointelegraph’s Gareth Jenkinson.
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Author / Journalist: Cointelegraph by Zoltan Vardai
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